Metromile, Inc. provides pay-per-mile car insurance services in the United States and internationally. The company also licenses artificial intelligence claims platform to automate claims, reduce losses associated with fraud, and unlock the productivity of insurance carriers' employees. In addition, it offers The Pulse, a device that plugs into the diagnostic port of its customer's car and transmits data over wireless cellular networks. The company was incorporated in 2011 and is headquartered in San Francisco, California.
IPO Year: 2020
Exchange: NASDAQ
Website: metromile.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/13/2022 | $3.27 → $2.04 | Neutral | Piper Sandler |
| 11/16/2021 | $6.00 → $3.27 | Neutral | Piper Sandler |
| 8/10/2021 | Overweight → Neutral | Piper Sandler | |
| 8/10/2021 | $7.00 | Overweight → Neutral | Cantor Fitzgerald |
SAN FRANCISCO, Oct. 20, 2021 (GLOBE NEWSWIRE) -- Metromile, Inc. (NASDAQ:MILE, MILEW))), a leading digital insurance platform and pay-per-mile auto insurer, today announced a significant expansion of its Independent Agents program, along with the appointment of Scot Rankin, a 30 year insurance veteran, as Independent Agency Relationship Manager. Through an integration with the EZLynx Rating Engine, Metromile can now offer Independent Agents access to Metromile's high quality, customizable pay-per-mile auto insurance, which features significant savings, standout customer experience, and easy bundling of home and auto insurance. Rankin, who joins Metromile from Travelers, will build additi
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Piper Sandler reiterated coverage of Metromile with a rating of Neutral and set a new price target of $2.05 from $3.27 previously
Piper Sandler reiterated coverage of Metromile with a rating of Neutral and set a new price target of $3.27 from $6.00 previously
Piper Sandler downgraded Metromile from Overweight to Neutral
Cantor Fitzgerald downgraded Metromile from Overweight to Neutral and set a new price target of $7.00
Cantor Fitzgerald initiated coverage of Metromile with a rating of Overweight and set a new price target of $13.00
Piper Sandler initiated coverage of Metromile with a rating of Overweight and set a new price target of $15.00
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4 - Metromile, LLC (0001819035) (Issuer)
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5 - Metromile, Inc. (0001819035) (Issuer)
4 - Metromile, Inc. (0001819035) (Issuer)
SAN FRANCISCO, May 10, 2022 (GLOBE NEWSWIRE) -- Metromile, Inc. ("Metromile") (NASDAQ:MILE, MILEW))), a leading digital insurance platform and pay-per-mile auto insurer, today announced financial results for the first quarter 2022 on its website. The results are accessible on Metromile's investor relations website at ir.metromile.com. Due to the pending transaction with Lemonade announced on November 8, 2021, the Company will not host a conference call in conjunction with its first quarter 2022 earnings release. Please visit the Investor Relations section of the Company's website at ir.metromile.com for the latest releases and information. About Metromile Metromile (NASDAQ:MILE, MI
SAN FRANCISCO, Feb. 28, 2022 (GLOBE NEWSWIRE) -- Metromile, Inc. ("Metromile") (NASDAQ:MILE, MILEW))), a leading digital insurance platform and pay-per-mile auto insurer, today announced financial results for the fourth quarter and full year 2021 on its website. The results are accessible on Metromile's investor relations website at ir.metromile.com. Due to the pending transaction with Lemonade announced on November 8, 2021, the Company will not host a conference call in conjunction with its fourth quarter and full year 2021 earnings release. Please visit the Investor Relations section of the Company's website at http://ir.metromile.com for the latest releases and information. About
SAN FRANCISCO, Feb. 01, 2022 (GLOBE NEWSWIRE) -- Metromile (NASDAQ:MILE, MILEW))) (the "Company"), a leading digital insurance platform and pay-per-mile auto insurer, announced that at the Special Meeting of Stockholders held today, the Company's stockholders approved a proposal to adopt the merger agreement entered into with Lemonade, Inc. (NYSE:LMND) to acquire Metromile in an all-stock transaction (the "merger proposal"). The merger proposal was supported by at least 95.9% of the votes cast at the Special Meeting of Stockholders, representing approximately 63.6% of the shares of the Company's common stock issued and outstanding as of the close of business on December 28, 2021. The fina
SAN FRANCISCO, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Metromile, Inc. (NASDAQ:MILE, MILEW))), a leading digital insurance platform and pay-per-mile auto insurer, today announced its results for the third quarter ended September 30, 2021. "During the quarter, we continued to make progress on and invest in our growth initiatives, and while our Policies in Force were largely flat for the quarter ending September 30, 2021, Policies in Force have now grown for three consecutive months, including October," said Dan Preston, Chief Executive Officer of Metromile. "We also saw a rising cost of acquisition as we ramped our investment to increase our brand awareness and reinforce trust with customers. Ke
Lemonade (NYSE:LMND) the insurance company powered by AI and social good, and Metromile (NASDAQ:MILE, MILEW))), the data science company focused on auto insurance, have entered into a definitive agreement pursuant to which Lemonade will acquire Metromile in an all-stock transaction that implies a fully diluted equity value of approximately $500 million, or just over $200 million net of cash. Under the terms of the transaction, Metromile shareholders will receive Lemonade common shares at a ratio of 19:1. (Read more on why Lemonade is acquiring Metromile) While Lemonade has been at the forefront of using big data and AI in home and pet insurance, Metromile has been trailblazing a parallel p
SAN FRANCISCO, Oct. 20, 2021 (GLOBE NEWSWIRE) -- Metromile, Inc. (NASDAQ:MILE, MILEW))), a leading digital insurance platform and pay-per-mile auto insurer, today announced a significant expansion of its Independent Agents program, along with the appointment of Scot Rankin, a 30 year insurance veteran, as Independent Agency Relationship Manager. Through an integration with the EZLynx Rating Engine, Metromile can now offer Independent Agents access to Metromile's high quality, customizable pay-per-mile auto insurance, which features significant savings, standout customer experience, and easy bundling of home and auto insurance. Rankin, who joins Metromile from Travelers, will build additi
SAN FRANCISCO and JERSEY CITY, N.J., Oct. 05, 2021 (GLOBE NEWSWIRE) -- Metromile Enterprise Solutions, LLC, the cloud-based technology platform used by property and casualty insurers to automate insurance claims, announces today that Buckle, an inclusive tech-enabled financial services platform, has chosen Metromile REPORT for digital first notice of loss (FNOL) services. Buckle is Metromile Enterprise's first partnership with a company that specializes in addressing the insurance needs of rideshare and delivery drivers. REPORT is Metromile's digital, contextual, self-service FNOL solution for customer-facing data collection and customer service agents. Buckle will now be able to provide
SAN FRANCISCO and DES MOINES, Iowa, Sept. 16, 2021 (GLOBE NEWSWIRE) -- Metromile Enterprise Solutions, LLC the cloud-based technology platform used by global property and casualty insurers to automate insurance claims, today announced an integration with Dwolla, a modern payments platform, into its no-code claims automation platform Metromile STREAMLINE. With Metromile STREAMLINE and Dwolla, insurers worldwide can offer digital claims payments, including Real-time Payments via the RTP® Network, Automated Clearing House (ACH) transfers via the ACH Network or Push-to-Debit disbursements, helping to resolve claims more quickly and accurately. Insurers can improve their customer experience,
SAN FRANCISCO and TOKYO, Sept. 07, 2021 (GLOBE NEWSWIRE) -- Metromile Enterprise, the cloud-based technology platform used by global property and casualty insurers to automate insurance claims, today announced Tokio Marine Group is now using the artificial intelligence fraud-detection product Metromile DETECT across its property and casualty lines of business in Japan. By deploying Metromile DETECT, Tokio Marine believes it has succeeded in detecting suspected fraudulent claims with higher accuracy than leading U.S. insurers. "We are proud to expand our partnership with Tokio Marine and work together to reduce insurance fraud and other instances of loss to bad actors. Metromile Enterprise
Jersey City, N.J., Aug. 24, 2021 (GLOBE NEWSWIRE) -- Metromile (NASDAQ:MILE, MILEW))), a leading digital insurance platform and pay-per-mile auto insurer, today announced an integration with Verisk's LightSpeed® Auto to simplify the consumer buying experience, increase speed to bind and conversion rates, and lower acquisition costs. LightSpeed Auto is a digital underwriting platform that combines extensive data resources and groundbreaking predictive analytics from Verisk (NASDAQ:VRSK), a leading global data analytics provider, to deliver superior results for auto insurers and their customers. "Before the pandemic, more than half of all U.S. drivers were a fit for pay-per-mile auto insu
SAN FRANCISCO, May 10, 2022 (GLOBE NEWSWIRE) -- Metromile, Inc. ("Metromile") (NASDAQ:MILE, MILEW))), a leading digital insurance platform and pay-per-mile auto insurer, today announced financial results for the first quarter 2022 on its website. The results are accessible on Metromile's investor relations website at ir.metromile.com. Due to the pending transaction with Lemonade announced on November 8, 2021, the Company will not host a conference call in conjunction with its first quarter 2022 earnings release. Please visit the Investor Relations section of the Company's website at ir.metromile.com for the latest releases and information. About Metromile Metromile (NASDAQ:MILE, MI
SAN FRANCISCO, Feb. 28, 2022 (GLOBE NEWSWIRE) -- Metromile, Inc. ("Metromile") (NASDAQ:MILE, MILEW))), a leading digital insurance platform and pay-per-mile auto insurer, today announced financial results for the fourth quarter and full year 2021 on its website. The results are accessible on Metromile's investor relations website at ir.metromile.com. Due to the pending transaction with Lemonade announced on November 8, 2021, the Company will not host a conference call in conjunction with its fourth quarter and full year 2021 earnings release. Please visit the Investor Relations section of the Company's website at http://ir.metromile.com for the latest releases and information. About
SAN FRANCISCO, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Metromile, Inc. (NASDAQ:MILE, MILEW))), a leading digital insurance platform and pay-per-mile auto insurer, today announced its results for the third quarter ended September 30, 2021. "During the quarter, we continued to make progress on and invest in our growth initiatives, and while our Policies in Force were largely flat for the quarter ending September 30, 2021, Policies in Force have now grown for three consecutive months, including October," said Dan Preston, Chief Executive Officer of Metromile. "We also saw a rising cost of acquisition as we ramped our investment to increase our brand awareness and reinforce trust with customers. Ke
SAN FRANCISCO, Aug. 09, 2021 (GLOBE NEWSWIRE) -- Metromile, Inc. ("Metromile") (NASDAQ:MILE, MILEW))), a leading digital insurance platform and pay-per-mile auto insurer, today announced financial results for the second quarter 2021 in its shareholder letter. The letter is accessible on Metromile's investor relations website at ir.metromile.com. Metromile will hold a conference call to discuss the results at 2:00 pm PT / 5:00 pm ET. A live webcast of the conference call will be available on Metromile's investor relations website at ir.metromile.com. The dial-in number for the conference call is (877) 407-0789 (toll-free) or (201) 689-8562 (international). Please dial the number 10 mi
SAN FRANCISCO, July 29, 2021 (GLOBE NEWSWIRE) -- Metromile, Inc. ("Metromile") (NASDAQ:MILE, MILEW))), a leading digital insurance platform and pay-per-mile auto insurer, today announced it will release its second quarter financial 2021 results after the market closes on Monday, August 9, 2021. Metromile will hold a conference call to discuss the financial results at 2:00 pm Pacific Time / 5:00 pm Eastern Time on that day. A live webcast of the conference call will be available on Metromile's investor relations website at ir.metromile.com. The dial-in number for the conference call is (877) 407-0789 (toll-free) or (201) 689-8562 (international). Please dial the number 10 minutes prior to
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According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session. Gainers Hippo Holdings (NYSE:HIPO) stock moved upwards by 12.16% to $0.85 during Thursday's regular session. Hippo Holdings's stock is trading at a volume of 2.6 million shares as of 12:40 EST. This is 104.2% of its average full-day volume over the last 100 days. The company's market cap stands at $467.5 million. Metromile (NASDAQ:MILE) stock increased by 4.2% to $0.93. Trading volume for this security as of 12:40 EST is 357.7K, which is 34.0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $115.4 million. Palomar Hld
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